AST SpaceMobile initiated with a Buy at Clear Street
Don't Miss TipRanks' Half-Year Sale
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
AST SpaceMobile (ASTS) Drops on $500-Million New Fundraising Program
We recently published . AST SpaceMobile, Inc. (NASDAQ:ASTS) is one of the worst-performing stocks on Friday. AST SpaceMobile dropped its share prices by 9.53 percent on Friday to close at $54.33 apiece as investors soured on its plans to raise $500 million through convertible senior notes. In a statement, AST SpaceMobile, Inc. (NASDAQ:ASTS) said that the notes will carry a 2.375 percent yield payable semiannually in arrears on April 15 and October 15 of each year, beginning on April 15, 2026. The notes are set to mature on October 15, 2032, unless earlier converted, redeemed, or repurchased. Copyright: lexaarts / 123RF Stock Photo If a conversion is to be exercised, the notes will be converted to the company's Class A common shares at a price of $72.07 apiece. The price represents a premium of approximately 20 percent to the last reported sale price of AST SpaceMobile's Class A common stock on July 24, 2025. AST SpaceMobile, Inc. (NASDAQ:ASTS) also granted initial buyers of the notes to purchase up to $75 million of notes within 13 days from the start of the offer. AST SpaceMobile, Inc. (NASDAQ:ASTS) said it plans to use the proceeds for general corporate purposes and pay the cost of the capped call transactions. While we acknowledge the potential of ASTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
7 hours ago
- Yahoo
J.P. Morgan Doubles Down on These 2 Stocks
Markets are riding high this week, reaching all-time records, as anticipation builds around a strong Q2 earnings season for tech. It's a sharp turnaround from the volatility that rattled investors just a few months ago. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Offering his take on the current landscape, JPMorgan global market strategist Jordan Jackson summed it up with one word: 'resilient.' He noted that companies responded to recent uncertainty with swift and decisive cost-cutting, freezing hiring, trimming workforces, and renegotiating supply chain burdens to weather the storm. 'When you look at the broader backdrop, you've got to look at resiliency in some of the earnings. And I think we'll see that in some of the tech earnings,' Jackson explained in a recent interview. Jackson's optimism doesn't stop at Q2. Looking ahead, he added, 'Markets appear to be, as we flirt with all time highs, sort of sanguine over the very, very near term. But… over the next 12 months, I think markets are going to be higher than where they are today, probably meaningfully so.' Doubling down on that positive outlook, JPMorgan's stock analysts are backing up Jackson's stance with specific Buy-rated picks they believe are primed to outperform. We tapped into the TipRanks database to see which names they've singled out and what caught their attention. Hewlett Packard Enterprise (HPE) The first JPM pick we'll look at here is Hewlett Packard Enterprises, which was founded as an independent entity when Hewlett-Packard split up in 2015. Hewlett Packard Enterprises, HPE, inherited its parent company's business in the server, storage, and networking segments – the very segments that have proven indispensable in today's tech environment of expanding AI and cloud computing. HPE is known as an innovator in its field, developing AI-native and edge-to-cloud systems to meet customers' needs in all areas of business operations. Those areas include everything from business intelligence to data collation and security, to edge computing and hybrid cloud ops, to the latest AI applications. Earlier this year, HPE announced a $14 billion merger with Juniper Networks, a transaction that is widely expected to boost HPE's AI-native and cloud capabilities. The acquisition was closed on July 2, and HPE believes the move will bring $600 million in cost synergies over the next three years. Turning to the company's financials, in fiscal 2Q25 (April quarter), we find that HPE's revenue, at $7.6 billion, was up 6% year-over-year and beat the forecast by $130 million. At the bottom line, the company's non-GAAP earnings came to $0.38 per share, or 5 cents per share better than had been anticipated. JPM's Samik Chatterjee, an analyst ranked amongst the top 3% of Street stock experts, sees HPE with both a sound foundation and bright prospects, and he describes that in a recent note. Writing of the stock, the tech expert says, 'We rate shares of HP Enterprise (HPE) at an Overweight (OW) rating, given its solid position across servers, storage, and networking — the latter of which has been bolstered by the acquisition of Juniper, increasing its mix of higher-margin, less cyclical revenue relative to broader IT hardware equipment. Importantly, we see this as not only providing further headroom for upside relative to revenue and earnings growth over the coming years, particularly with the latter further reinforced by sizable cost synergies, but also driving upward pressure on the multiple that investors are willing to ascribe to the shares, which is set against the backdrop of the shares historically trading at a discount relative to the broader peer group.' The Overweight (i.e., Buy) rating noted above comes along with a $30 price target, suggesting a gain of 46% by this time next year. (To watch Chatterjee's track record, click here) HPE shares have a Moderate Buy consensus rating, based on 15 recent analyst reviews with an almost even split of 8 Buys and 7 Holds. The stock is priced at $20.51 and its $24.38 average price target implies an upside of 19% in the next 12 months. (See HPE stock forecast) California Resources Corporation (CRC) The second stock on our JPM-backed list is an energy company, California Resources. This is one of the many independent exploration and production companies operating in the North America hydrocarbon sector; as its name suggests, California Resources focuses its activities in the State of California. That's a rich field for an oil and gas producer – California is the seventh-largest oil-producing state in the Union, and one of the world's largest oil and gas regions. CRC's operations are located mainly in the San Joaquin Basin, in the southern part of the state's Central Valley. CRC is currently working in 42 oil fields in this region, and 73% of the company's proven reserves are located here. CRC also has active operations in the Ventura Basin, the Los Angeles Basin, and the Sacramento Basin, among others. California Resources is a $4.4 billion company, with strong production numbers. In the first quarter of this year, the firm generated an 'average net production' of 141 thousand barrels of oil equivalent per day (Mboe/d). Of this total, 79% was oil and the remainder was natural gas and natural gas liquids. The first quarter production figure was flat from the final quarter of 2024, but it was up nearly double the 76 Mboe/d reported in 1Q24. In CRC's first-quarter earnings report for this year, the last report released, the company generated $912 million in top-line revenues. This was up an impressive 101% year-over-year, and beat expectations by more than $50 million. At the bottom line, the company realized a non-GAAP EPS of $1.07, which was 30 cents better than the forecast. The company's free cash flow of $131 million was up 11% from the prior quarter. Watching this stock for JPM, analyst Zach Parham sees plenty of value here for investors. He is impressed by the company's prospects for further growth in the second half of this year, writing, 'We believe the stock is undervalued on a sum-of-the-parts basis… We see the potential for value to be realized if drilling permit approvals resume in California, something we believe is possible in 2H25. Additionally, CRC has a unique set of non-PDP assets (Carbon Management, the Elk Hills Power Plant, and Huntington Beach real estate) that we value at an incremental ~$16 per share. CRC also has a number of unique catalysts in 2H25+ that should provide a pathway to further value creation, including 1) the expected first injection of CO2 from CRC's Carbon Management Business (CMB), 2) the potential passage of CA AB 881, which would allow for the construction of CO2 pipelines in CA and provide a pathway for CRC to further grow its CMB, 3) the potential restart of drilling permit approvals in CA, providing an opportunity for CRC to slow production declines, and 4) a potential PPA at the CRC-owned Elk Hills Power Plant.' These comments support Parham's Overweight (i.e., Buy) rating on the shares, while his $63 price target points toward a gain of 26% going into next year. (To watch Parham's track record, click here) California Resources has earned a Strong Buy consensus rating from the Street's analysts, based on 10 reviews that feature a lopsided split of 9 Buys and 1 Hold. The stock is currently selling for $50, and its $58 average price target suggests that the shares have an upside of 16% on the one-year horizon. (See CRC stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Disclaimer & DisclosureReport an Issue Sign in to access your portfolio
Business Insider
9 hours ago
- Business Insider
Wells Fargo Keeps Their Buy Rating on TransUnion (TRU)
Wells Fargo analyst Jason Haas CFA maintained a Buy rating on TransUnion yesterday and set a price target of $118.00. The company's shares closed yesterday at $99.22. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Haas CFA is ranked #749 out of 9862 analysts. In addition to Wells Fargo, TransUnion also received a Buy from BMO Capital's Ryan Griffin CFA in a report issued yesterday. However, on the same day, Goldman Sachs maintained a Hold rating on TransUnion (NYSE: TRU). Based on TransUnion's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.14 billion and a net profit of $287.8 million. In comparison, last year the company earned a revenue of $1.04 billion and had a net profit of $85 million
